Derraik Renato 4/A

What Happened

• Renato Derraik, Chief Information & Digital Officer of Live Oak Bancshares, received an award of 13,173 restricted stock units (RSUs) on February 9, 2026. The award was reported as a derivative grant at a $0.00 acquisition price (i.e., no cash exchanged). This is an equity compensation award, not a purchase or sale.

Key Details

• Transaction date: 2026-02-09; reported on an amended Form 4 filed Feb 11, 2026.
• Grant: 13,173 RSUs (derivative securities) at $0.00 per RSU; originally misreported as 10,778 RSUs and corrected via amendment.
• Vesting: RSUs vest in five equal annual installments beginning February 9, 2027, subject to continuous service.
• Shares owned after transaction: not specified in the filing.
• Transaction code: A (award/grant). This is not a sale or open-market purchase.
• Filing status: Amended Form 4 filed to correct the RSU count (clerical correction).

Context

• Each RSU represents a conditional right to receive one share of Live Oak common stock at vesting; until vested, these are not tradable shares. Equity awards like this are commonly used for executive compensation and retention; they do not by themselves indicate a buy or sell decision by the insider.